QUESTION 14 What information is contained in the insuring agreement of an insurance policy? O a description of the property or life to be insured O a summary of the major promises of the insurer Oa summary of the obligations of the insured Oa list of the property, losses, and perils that are not covered QUESTION 15

QUESTION 14 What information is contained in the insuring agreement of an insurance policy? O a description of the property or life to be insured O a summary of the major promises of the insurer Oa summary of the obligations of the insured Oa list of the property, losses, and perils that are not covered QUESTION 15

Personal Finance

13th Edition

ISBN:9781337669214

Author:GARMAN

Publisher:GARMAN

Chapter10: Managing Property And Liability Risk

Section10.3: Homeowner’s Insurance

Problem 4CC

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QUESTION 13 The primary function of an actuary is to O adjust claims. determine premium rates. negotiate reinsurance treaties O invest insurance company assets Click Save and Submit to save and submit. Click Same All Answers to save all answers.
Question 9 of 10 Which area is not protected by most homeowners insurance? The home Your view Loss of use Personal property Continue
C. renewal notice O D. completing notes 19. is the document that acknowledge the insured legally entitled to receive the payment from the policy. * O A. Discharge notes B. Completion notes O C. Claim form O D. Policy form 20. The written insurance document that may include all clauses, exception and
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uge to or loss of a dwelling and personal property of of g protects the beneficiary against the financial aspects of a traffic accident. TUSS, damage, or injury. May result in either financial gain or financial loss. 24. Financial service used to protect against loss. 25. Completion Amount of money or other services to which you are entitled under the terms of your insurance policy. Complete each statement. 26. A(n) endorsement 27. The Premium is an attachment to existing insurance coverage. is the amount the insured pays for insurance coverage. 28. The amount the insured is responsible for paying when a claim is made is the deductible 29. The process of documenting a loss against an insurance policy is called filing a(n) Claim 30. depreciation is a decrease in the value of property as a result of age or wear and tear. 31. The replacement cost minus depreciation is known as actual cash value 32. All 50 states have financial responsibility laws that require drivers to show proof of…
C. Endorsement. O D. Claim form. 17. The insurer will issue to the insured before completion of policy form. * O A. certificate of insurance O B. cover note O C. renewal notice D. completion notes 18. A warning on duty to disclose changes affecting the existing policy inspection are sent to insured through
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... docs.google.com @ D. All of the above 15. Which of the following does not belong to the main products of life insurance? * O A. Endowment O B. Personal accident O C. Term O D. Whole life